Key takeaways Design flaws, management missteps, and political interference made airport construction a notorious example of mismanaged projects. Projects like the Sydney Opera House and the Montreal Olympic Stadium went far over budget due to poor planning, complex...
Key Takeaways: There’s no universal benchmark for construction profitability; average profit margins must be viewed in context. To boost profitability, companies must consider various internal and external factors. Continuous improvement and adopting the right...
The construction industry is filled with risks and uncertainties. Different issues can arise at all times, so every business looks for ways to anticipate risks and minimize their impact. Vigilant risk management is essential in these efforts, which means that being up...
Commercial asset tracking is essential for businesses, including construction companies, that manage a wide range of valuable equipment, vehicles, and inventory across multiple locations. With advanced technologies like GPS, Bluetooth, and QR codes, asset tracking...
In construction, just like in any business, there are only 2 ways to increase profits: charge more or spend less. As raising prices in a competitive market is tough and usually just offsets rising material and labor costs, cutting costs becomes the smarter...
Key Takeaways: The reasons behind construction project delays are typically tied to inadequate project management. Construction companies that aren’t leveraging technology are missing out on opportunities to improve their construction operations. Experiencing resource...
